Moran Wealth Management LLC Purchases 999 Shares of TKO Group Holdings, Inc. (NYSE:TKO)

Moran Wealth Management LLC raised its position in TKO Group Holdings, Inc. (NYSE:TKO) by 5.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,438 shares of the company’s stock after buying an additional 999 shares during the quarter. Moran Wealth Management LLC’s holdings in TKO Group were worth $3,123,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC grew its holdings in shares of TKO Group by 3.6% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 1,835 shares of the company’s stock worth $261,000 after purchasing an additional 63 shares in the last quarter. M&T Bank Corp grew its stake in TKO Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 2,733 shares of the company’s stock worth $389,000 after buying an additional 64 shares in the last quarter. Blue Trust Inc. grew its stake in TKO Group by 28.2% during the fourth quarter. Blue Trust Inc. now owns 332 shares of the company’s stock worth $47,000 after buying an additional 73 shares in the last quarter. Bessemer Group Inc. increased its holdings in TKO Group by 0.3% in the 4th quarter. Bessemer Group Inc. now owns 26,174 shares of the company’s stock valued at $3,720,000 after buying an additional 78 shares during the period. Finally, Simon Quick Advisors LLC raised its position in shares of TKO Group by 1.1% in the 1st quarter. Simon Quick Advisors LLC now owns 7,558 shares of the company’s stock valued at $1,155,000 after buying an additional 82 shares in the last quarter. Institutional investors own 89.79% of the company’s stock.

TKO Group Stock Performance

TKO Group stock opened at $174.97 on Thursday. The business has a 50 day moving average of $162.81 and a 200-day moving average of $154.48. The company has a market capitalization of $34.63 billion, a P/E ratio of 88.82 and a beta of 0.70. TKO Group Holdings, Inc. has a 1 year low of $102.46 and a 1 year high of $179.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.25 and a quick ratio of 1.25.

TKO Group (NYSE:TKO) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.14. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.07 billion. TKO Group had a net margin of 4.98% and a return on equity of 2.52%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company posted ($1.26) EPS. On average, equities research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current year.

TKO Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 0.87%. The ex-dividend date is Friday, June 13th. TKO Group’s dividend payout ratio is currently 77.16%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TKO shares. Susquehanna started coverage on shares of TKO Group in a research report on Monday, April 28th. They set a “positive” rating and a $180.00 price target on the stock. Benchmark reiterated a “hold” rating on shares of TKO Group in a research note on Monday, March 3rd. Sanford C. Bernstein initiated coverage on TKO Group in a report on Wednesday, June 4th. They set an “outperform” rating and a $190.00 price target for the company. The Goldman Sachs Group raised their price objective on TKO Group from $170.00 to $188.00 and gave the company a “buy” rating in a research note on Monday, May 12th. Finally, Pivotal Research reissued a “buy” rating and set a $195.00 target price (up previously from $145.00) on shares of TKO Group in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $168.08.

Insider Buying and Selling

In other news, Director Nick Khan sold 9,519 shares of the stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $158.46, for a total transaction of $1,508,380.74. Following the completion of the sale, the director now directly owns 210,967 shares in the company, valued at $33,429,830.82. This represents a 4.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Lake West Voteco L.L.C Silver bought 1,579,080 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were purchased at an average cost of $158.32 per share, with a total value of $249,999,945.60. Following the purchase, the insider now directly owns 4,158,517 shares of the company’s stock, valued at $658,376,411.44. The trade was a 61.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. 61.30% of the stock is owned by corporate insiders.

TKO Group Company Profile

TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.